GOODS
Flashcard
•
Mathematics
•
1st - 5th Grade
•
Hard
Wayground Content
FREE Resource
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15 questions
Show all answers
1.
FLASHCARD QUESTION
Front
What are goods?
Back
Goods are items that are produced and sold to satisfy people's needs and wants.
2.
FLASHCARD QUESTION
Front
What is an example of a good?
Back
An example of a good is a toy, food, or clothing.
3.
FLASHCARD QUESTION
Front
What does it mean to buy goods?
Back
To buy goods means to exchange money for items that you want or need.
4.
FLASHCARD QUESTION
Front
What is the difference between goods and services?
Back
Goods are physical items, while services are activities done for others.
5.
FLASHCARD QUESTION
Front
What are consumer goods?
Back
Consumer goods are products that are bought by people for personal use.
6.
FLASHCARD QUESTION
Front
What are capital goods?
Back
Capital goods are items used to produce other goods, like machinery.
7.
FLASHCARD QUESTION
Front
What does it mean to sell goods?
Back
To sell goods means to offer items for money.
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